Milton Friedman Part II: Evils of Collectivism

There is one man who embodies the spirit of capitalism, but most have never heard of him. That needs to change. It's time for Americans to remember and get to know Milton Friedman, the father of modern economics.

Milton Friedman was a brilliant champion of the free market, capitalism and the American way of life. He was not a politician, just a man who looked at things in a radically different way --- and articulated them simply and persuasively.

Part II: Evils of Collectivism

Nobel Prize-winning economist Milton Friedman was a staunch and brilliant defender of capitalism. He understood that without America and the free market system, the world would still be languishing in the Dark Ages. He very often took on socialists and their distortions of history and reality. In a forum at the University of Chicago, Friedman took on Michael Harrington of the Democratic Socialist Organizing Committee.

MICHAEL: I think people over 65 years of age in the United States today are freer now because of Medicare. I do not think that the freedom to die from the lack of medicine was a very good thing. Secondly, related to industrialists, I think that one of the startling things about American history is that when Franklin Roosevelt was saving the system from itself, the main beneficiaries were screaming bloody murder at him for being a traitor to his class, when he was, in fact, the salvation of that class. And I think if you -- therefore, if you look at our history, I do think you find a tremendous myopia on the part of industrialists, and you find that the positive increments to our freedom, interestingly enough have not come from the college graduates, but often from people --- not from the best people. It's come from working people. It's come from poor people. It's come from blacks and Hispanics and the like.

MILTON: Unaccustomed as I am to agreeing with Michael Harrington, I will agree in part with what he's just said. I do not believe it's proper to put the situation, in terms of industrialists versus government. On the contrary, one of the reasons why I am in favor of less government is because when you have more government, industrialists take it over, and the two together form a coalition against the ordinary worker and the ordinary consumer. I think business is a wonderful institution, provided it has to face competition in the marketplace and it can't get away with something, except by producing a better product at a lower cost. And that's why I don't want government to step in and help the business community. Now, I want to go to your question about Medicare. There are many people who benefited from Medicare, but you're not looking at the cost side. What has happened to the people who are paying for it? It isn't -- we don't have a free good. It isn't coming from nowhere. And are they benefiting from it, in a cost-effective way? Those are the questions. It's demagoguery, if you'll pardon me, Michael Harrington, to say the people who have Medicare are freer. Of course, in one dimension. But they themselves had been paying all their life, and have they gotten a good bargain? At the moment, they have. The young man, the young working people who are going into Social Security now, they're going to get a very raw deal indeed.

Milton Friedman boldly argued against government-controlled fairness and "social justice."

MILTON: Social injustices are clearly greatest where you have central control. The degree of social injustice and torture in a place like --- and incarceration, in a place like Russia, is of a different order of magnitude than it is in those Western countries where most of us have grown up and in which we have been accustomed to regarding freedom as our natural heritage. Where do you have the greatest degree of inequality? In the socialist states of the world.

Don't look at what the proponents of one system or another say are their intentions, but look at what the actual results are. Socialism, which means government ownership and operation of means of production, has appealed to high-minded, fine people. To people of idealistic views because of the supposed objectives of socialism, especially because of the supposed objectives of equality and social justice. Now, those are fine objectives. And it's a tribute to the people of good will that those objectives should appeal to them, but you have to ask the question: Does a system, no matter what its proponents say, produce those results? And once you look at the results, it's crystal clear that they do not.

According to Milton Friedman, the motives of those involved in oppressive nations may even be good, but it doesn't matter. He argued to look beyond the motives and assess the results.

MILTON: The most harm of all is done when power is in the hands of people who are absolutely persuaded of the purity of their instincts and the purity of their intentions. Thoreau said that philanthropy is a much overrated virtue. Sincerity is also a much overrated virtue. Heaven preserve us from the sincere reformer who knows what's good for you and, by heaven, is going to make you do it whether you like it or not. That's when you get the greatest harm done. I have no reason to doubt that Lenin was a man whose intentions were good, maybe they weren't, but he was completely persuaded that he was right and he was willing to use any methods at all for the ultimate good.

Friedman tried to reason with the collectivists who believed in socialism and wanted more of it, including more health care.

MILTON: I say to people who say we have to have government medicine in there. I say, would you mind first telling me which of the other great reforms of government have achieved their objectives? I take it you mean the federal housing program has solved the problem of housing for the low-income groups. I take it you mean that the federal welfare program has solved the problems of welfare of indigents and dependents, that federal urban renewal and housing --- and reconstruction programs have solved the problem of urban life.

Despite the pressures from socialists and communists, Friedman never lost hope --- and neither should we.

Listen to the Full Series on Milton Friedman

Part I: Economics 101

Part II: Evils of Collectivism

Part III: Friedman vs. Liberal Detractors

Part IV: Unapologetic and Unafraid

This is a moment "Cynical Theories" author James Lindsay probably hoped would never come. The liberal mathematician and host of the "New Discourses Podcast" recently came out as "unhappily" voting Republican, including for President Donald Trump, because the Democratic Party is now being controlled by a far-left movement that seeks to destroy our country and the U.S. Constitution.

He joined Glenn Beck on the radio program Thursday to explain why this election isn't "Trump versus Biden." It's Trump versus a "movement that wants to tear apart American society at its very foundation." Lindsay warned that if it isn't stopped, the left can toss out our rights by rewriting the Constitution — or abolishing it altogether.

"A lot of people don't understand what's happening with the election we have right now," he said. "They think it's a choice between Donald Trump and Joe Biden. And at the surface level, of course, it is. We're voting for each candidate to be duly put into the office of president. But that's not what we really have going on. We have, in Donald Trump, a man who's going to govern as we've all seen — the way he feels like he's going to govern. And we have in Joe Biden, a man captured by a movement that wants to tear apart the American society at its very foundation."

Lindsay noted the popular leftist narratives that call to "abolish anything they don't like," which now includes the U.S. Constitution. He added that "this is the movement that is controlling the Democratic Party."

"It is my belief, that there has been a largely effective kind of silent coup of the Democratic Party, that's turned it completely under the control of this movement. And that's what we're going to be electing with Joe Biden. So I can't do it," he said.

Watch the video below for more details:

Tonight at 9 p.m. ET, 8 p.m. CT, Glenn Beck goes straight to the source of the biggest story in the country with Mayor Rudy Giuliani, who takes us directly into Hunter Biden's alleged laptop.

Despite Big Tech's attempts to squash this story, there should be a mad scramble in the media to get to the bottom of major corruption allegations, but they're willfully ignoring it. However, this is not just a story about Hunter Biden. This is all about Joe Biden. It's a story Glenn has been investigating for over a year that traces back to Ukraine and China. It goes directly to the root of corruption within our political system: How politicians use their family members to enrich the entire clan and sell out their country. While the media looks the other way, Glenn asks Mayor Giuliani to show us the evidence. Giuliani details the chain of possession of the laptop and reveals news that he only had possession of the laptop days before the New York Post story broke. He says, "I reported this the day after I saw it."

He also drops a major bombshell on the show and says Big Tech doesn't want you to see evidence that "establishes with texts, documents, contracts" that "Joe Biden was a 10% partner with a Chinese communist … and there are witnesses that will come forward and testify to it."

Big Tech censorship is out of control. So to watch tonight's explosive episode of Glenn TV, you must be a BlazeTV subscriber. Because Big Tech is doing whatever it can to limit free speech, we're offering our most important discount on BlazeTV ever. Use promo code GLENN to get $30 off a one-year subscription, so you'll have 24/7 access to news and entertainment completely free of biased "fact-checks" and censorship.

Watch a preview of the show below:

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The Senate Judiciary Committee was set to vote on subpoenas to compel Twitter CEO Jack Dorsey and Facebook CEO Mark Zuckerberg to testify on alleged censorship and bias across their platforms. But that all changed when Republican committee members "expressed reservation about the maneuver," Politico reports.

Sen. Ted Cruz (R-Texas), who chairs Judiciary's Subcommittee on the Constitution, was definitely not one of the committee members with cold feet. On the radio program Tuesday, he told Glenn Beck that he's fighting "vociferously" to ensure Dorsey and others testify before the November 3rd election.

"Jack Dorsey and Mark Zuckerberg are both going to testify. They're are going to testify in person. They're going to testify before Election Day. That's what I think should happen," Cruz said. "That's what I'm fighting vociferously to happen. Right now, the companies are negotiating with the chairman's office to discuss terms to come voluntarily. I don't give a damn whether they come voluntarily or under subpoena. They need to testify in person and answer questions for the American people about why they are trying to steal this election, to suppress the free speech, and to censor the press."

The subpoenas would require Big Tech leaders to testify on the alleged "suppression and/or censorship" of two consecutive blockbuster stories from the New York Post. The first story was about emails that allegedly came from Hunter Biden's computer which are currently being investigated by the FBI, and the second was based on additional emails that allegedly showed communist China directly offering millions of dollars to then-Vice President Joe Biden.

"Big Tech stepped in, and they've done something they've never done before," Cruz explained. "We know that Big Tech has been censoring individual conservatives, trying to suppress conservative speech. But the step they took here is, they blocked if any individual user tried to share either of the New York Post stories, [they] were blocked ... Sharing a news story, from a major media outlet is part of democracy, part of free speech. And not only that, they blocked the New York Post itself. Right now, today, the New York Post is not being allowed to post its own damn stories on corruption. This is ridiculous. It's a threshold that's never been crossed before, of Silicon Valley oligarchs declaring the authority to determine what the press is allowed to report, and who is allowed to see it."

Watch the video below to catch more of the conversation:

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

If we learned nothing from the media over the past 4 years it's that colluding with a foreign entity to either win an election or for personal gain is absolutely grotesque. Well, that depends on whether you have a (D) or (R) before your name anyway. President Trump was impeached on rumor and innuendo yet Joe Biden has all but skated on his corruption up to this point.

Below is a timeline that shows the level of corruption and the lengths the Biden's went to in order to build that family's wealth and influence internationally.

2009

In 2009, Joe Biden was the brand-new Vice President and John Kerry was a U.S. Senator. Just five months after Joe was sworn in, his son Hunter, and Kerry's stepson, Christopher Heinz, formed an international private equity firm called Rosemont Capital. It had several different branches, including one called Rosemont Seneca Partners.

2010

Just nine months after Rosemont Seneca opened its doors, Hunter Biden went to China for meetings with executives from China's biggest banks, and its sovereign wealth and social security funds. That's unheard-of access for a brand-new firm. Was it just coincidence that at the same time Hunter was meeting these Chinese bigwigs, his dad was meeting with China's then-president Hu Jintao in Washington DC at a nuclear security summit?

2011

In May 2011, Joe Biden met with Chinese officials for the U.S.-China Strategic & Economic Dialogue conference in Washington. Just two weeks later, Hunter Biden went to Taiwan for meetings with the same Chinese financial giants he'd met in China in 2010, plus some new ones.

2013

By December 2013, Joe Biden was enjoying his second term as VP, and John Kerry was now Secretary of State. That's when Joe traveled to Beijing on an extended official trip and Hunter traveled with him on Air Force Two.

During their stay, Vice President Biden met with President Xi and Hunter was mostly out of sight. We don't know exactly what he was up to, but the deal finalized between Rosemont Seneca and the Bank of China just ten days after the Bidens' trip pretty much gives it away. The most powerful financial institution in China formed a joint venture with tiny Rosemont Seneca to create a giant new investment firm called Bohai Harvest RST – the "RS" stands for Rosemont Seneca.

The firm is often called "BHR" for short.

Hunter Biden was a member of the Board. Remember, the Bank of China is government-owned, which means its business is completely intertwined with the goals of the Chinese Communist Party. BHR also got the freedom to operate in the newly created Shanghai Free-Trade Zone where, over the next six years, it would use $2.5 billion of Chinese government money to invest in China, as well as in other countries, including the U.S.

During their Beijing trip, Hunter also introduced Jonathan Li to his dad. Li is Hunter's business partner – he's CEO and Director of BHR.

Hunter arranged for Joe to meet Li in the lobby of the hotel where they stayed during their Beijing trip.

2014

In 2014, one of BHR's first major investments was in the China General Nuclear Power Corporation.

CGN is a Chinese government-owned nuclear power company that sold off a stake of the company to outside investors. Problem is, CGN was under FBI investigation for paying informants in the U.S. to steal nuclear secrets.

In 2016, the FBI arrested the ringleader of this nuclear espionage, a man named Allen Ho.

When they arrested Ho, he was using a random code generator to access funds being provided to him from – where else? – the Bank of China.

Yet while this FBI probe was going on, the son of the Vice President owned a stake in the company being investigated. And even after arrests were made, Rosemont Seneca did not alter its relationship with BHR, nor did it divest from CGN, even though it was stealing U.S. nuclear secrets.

2015

In 2015, BHR partnered with the Aviation Industry Corporation of China (AVIC) to buy an American company called Henniges for $600 million.

AVIC is a gigantic military contractor in China – think Lockheed Martin – that makes fighter jets, bombers and drones. BHR bought 49% of Henniges and AVIC bought 51%.

Henniges is a precision parts manufacturer specializing in anti-vibration technology. The stuff they make is known as "dual use" by the U.S. State Department, which means the technology can also have a military application.

Because of that, the deal had to be approved by the Committee on Foreign Investment in the U.S. (CFIUS) since it could have national security implications. The thing is, the American side of BHR – meaning Hunter Biden and his pals – had to know there were serious national security implications with AVIC.

The year before they formed a partnership with AVIC, the Wall Street Journal reported how AVIC stole technology related to the U.S. Air Force's F-35 stealth fighter and used it in its own stealth fighter for the Chinese.

How the Committee on Foreign Investment approved that deal remains a mystery. CFIUS does not publicly disclose any information regarding its decisions. Their findings are not publicly announced.

Interesting that China accounted for the largest share – with 74 transactions – approved by CFIUS during Obama's second term (2013-2015).

Under the umbrella of Rosemont Capital was a real estate company called Rosemont Realty. In 2015, a Chinese company called Gemini Investments bought a 75% stake in Rosemont Realty. The company was renamed Gemini Rosemont

Gemini brought $3 billion to the partnership with Rosemont, with the aim of buying "Class A institutional-quality commercial office properties in U.S. markets."

Red flag (literally) – Gemini Investments is a subsidiary of the China Ocean Shipping Company, a.k.a., "COSCO."

COSCO is a Chinese government-owned company. Its headquarters in Beijing is actually next to the headquarters of the Bank of China. COSCO is well-known for its close military ties. It's essentially a branch of the Chinese Navy.

2017

In 2017, BHR invested in Face++. That's the facial recognition phone app built by a Chinese company that is incorporated in a separate app built by the Chinese government. Police in the Xinjiang [Sin-jong] region of China use that app to keep tabs on citizens, and track and detain Uiguhr [Wee-ger] Muslims.

The app allows police easy access to data about Chinese Muslims including things like religious activity, blood type, and even the amount of electricity they use.

2018

In March 2018, a spokesman (Chris Bastardi) for Christopher Heinz (John Kerry's stepson) emailed The Hill to say that Heinz had "no operating role" in Rosemont Seneca, and that he was not involved in any of Rosemont's deals in China (which contradicts Schweizer's report in his book Secret Empires).

Chris Heinz was involved in Rosemont Capital. Rosemont Seneca was established under the same GP as Rosemont Capital, but Chris Heinz had no operating role in it. Chris and his family have no financial interest or investment in Bohai Harvest RST, he has never traveled to China, and he has never met with the firm's Chinese management team or investors.

2019

In October 2019, Hunter Biden's lawyer, George Mesires, said Hunter did not conduct any business on that 2013 trip to Beijing with his Dad.

Mesires said the timing of BHR's business license getting approved was purely coincidental because the paperwork had been submitted months before the Bidens' China trip.

According to Hunter's lawyer, the approval " was not related in any way, shape or form to Hunter's visit."

Hunter Biden finally stepped down from the BHR board last October (2019), but he DID NOT give up his 10% stake in the company.